Ford

Ford Motor Company, an American multinational automaker, is planning to extend its plug-in hybrid electric vehicle (PHEV) test in different zones including Cologne, Italy and other parts of Europe. It will further explore how groundbreaking and advanced geofencing, distributed ledger tech (DLT) and blockchain could be of help in making accurate tracing and upturning the total amount of “green miles” compelled by automobiles.

Five giant automobile manufacturers including Renault, Ford Motor Company, BMW, Honda Motor and General Motors (GM) will start field tests by November this year in the United States for a vehicle identification system that is entirely based on blockchain and distributed ledger technology (DLT).

Former United States Democratic Congressman from Tennessee’s 9th congressional district Harold Ford Jr. has suggested that Washington should try to avoid half-measures as far as cryptocurrency legislation is concerned. A successful financial managing director believes that the government has been slow to react to the cryptocurrency and blockchain industry, and thinks that this might damage innovation in the future.

New innovative technologies such as blockchain and distributed ledger technology adopted in day-to-day activities, continue to stand the test of time. With the growth of the giant companies turning to adopt Blockchain the trust in the future of this innovative technology grows respectively.

The Ford Motor Company, IBM, RCS Global, Huayou Cobalt and LG Chem are considering employing blockchain to track and corroborate ethically sourced minerals. They aim at creating an open, industrywide network to track and confirm minerals and other significant materials for the automotive and consumer electronics sector in their supply chains.